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Thread: Going Bankrupt in the U.K.

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    Politics.ie Member controller's Avatar
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    Default Going Bankrupt in the U.K.

    I know about this crap,
    http://www.isi.gov.ie/en/ISI/Trifold...fold_final.pdf

    But what happens when someone goes to the U.K. to go bankrupt?
    • You move to the U.K.for 1 year
    • You get a job
    • After 1 year you apply for Bankrupcy
    • Then what??
    • Do you have to give up your job??
    • Where do you live?
    • Can you come back to Ireland with no stain on your credit history?
    • What happens??
    Dear Lord Baby Jesus, I want to thank you for Pink Floyd

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    Felated by 78 virgins and given a breakfast show gig on Newstalk?

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    Politics.ie Member controller's Avatar
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    I like that......
    Dear Lord Baby Jesus, I want to thank you for Pink Floyd

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    Quote Originally Posted by controller View Post
    I know about this crap,
    http://www.isi.gov.ie/en/ISI/Trifold...fold_final.pdf

    But what happens when someone goes to the U.K. to go bankrupt?
    • You move to the U.K.for 1 year
    • You get a job
    • After 1 year you apply for Bankrupcy
    • Then what??
    • Do you have to give up your job??
    • Where do you live?
    • Can you come back to Ireland with no stain on your credit history?
    • What happens??
    Just make sure to get a job that pays an average salary during that year, not a bankster one

    After rent and bills are paid, there won't be much left every month for your creditors to take.

    Then after 12 months, you get your freedom again, it's that simple petunia
    Last edited by Pinster; 22nd April 2013 at 04:55 AM.

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    Politics.ie Member controller's Avatar
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    Would you be able to get a car loan or a credit card??
    Dear Lord Baby Jesus, I want to thank you for Pink Floyd

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    Politics.ie Member controller's Avatar
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    Quote Originally Posted by freddiefly View Post
    Would you not consider even after been made bankrupt that debt ,any debt, is not such a good thing ???/
    I do agree, but I am curious to know exactly what being free of debt and obligations after 1 year actually means
    Dear Lord Baby Jesus, I want to thank you for Pink Floyd

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    Quote Originally Posted by controller View Post
    I do agree, but I am curious to know exactly what being free of debt and obligations after 1 year actually means
    It means you are debt free, simple. Getting further credit will be a different matter, most questions answered here. UK Bankruptcy Advice - Truths and Myths, FAQ

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    Politics.ie Member controller's Avatar
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    So does it make any real difference if you do it in Ireland or the U.K ??
    Dear Lord Baby Jesus, I want to thank you for Pink Floyd

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    Politics.ie Member neiphin's Avatar
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    Quote Originally Posted by controller View Post
    So does it make any real difference if you do it in Ireland or the U.K ??
    1 yr or 7 yrs

    a life time paying off yours and others debts
    on a house worth at best 1/3 what you paid for it
    "If we VOTE YES there will be no more austere budgets. Fact " Hammer, mayday 12'

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    Quote Originally Posted by freddiefly View Post
    You would have to rebuild your credit score , you cannot be discharged today and be acceptable for credit tomorrow , only certain banks accept bankrupts even discharged ones as customers and they have a special account with higher charges and limits . People in UK do go bankrupt and rebuild their lives , buy houses get mortgages etc etc , but it takes time . Bankruptcy in the UK even if it is light years ahead of what we have now or what the ''banks''here plan to introduce is still a very very serious decision to make .
    But of course, defaulting on a loan screws your credit score anyway, so your credit is shot anyway.


    This is courtesy of populist politicians, greedy bankers and incompetent regulators, but you will pay for it, not them.

    Enjoy.



    Oh and vote FF,FG or Labour like a good little chap, so that nothing ever changes.


    D

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